MakeMyTrip Ltd. is advertising the first U.S. initial public contribution by an Indian company in four years at a 26 percent best to the biggest online travel agencies.MakeMyTrip, which has misplaced money for three years booking doubts in India and abroad, may raise $70 million today, according to a filing with the Securities and Exchange Commission. The IPO’s midpoint price values the Gurgaon, India- based corporation at 5.41 times next year’s sales, higher than the average of 4.28 for U.S.-traded stocks from Expedia Inc. to China’s ELong Inc., according to data compiled by Bloomberg and Independent International speculation
U.S. Offerings
MakeMyTrip, which is payment 5 million shares at $12 to $14 each, is one of five companies scheduled to price IPOs in the U.S. this week, data compile by Bloomberg show. DLC Realty Trust Inc., the Tarrytown, New York-based real estate asset trust that manages shopping centers, will seek to raise $520 million today, according to its SEC filing.
full story
No comments:
Post a Comment